At the recent live-ex conference, it was pointed out that the business case for importing and feeding cattle in Indonesia was weakening. Cost of exporting cattle has increased 4-5x in the last 8 years and it is much cheaper to buy boxed meat. In fact a kilogram of meat from live export costs 5x as much as a kilogram of boxed meat.....but always remember we only do it to provide protein for the poor Indonesians.......!
Apparently, it doesnt take a rocket scientist to work out which trade will endure. Likewise, VALE would maintain it doesnt take a rocket scientist to work out which one would be better for both cattle and Indonesia's poor!
Apparently, it doesnt take a rocket scientist to work out which trade will endure. Likewise, VALE would maintain it doesnt take a rocket scientist to work out which one would be better for both cattle and Indonesia's poor!
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